How a Mobile Airtime Vendor Became Zimbabwe’s Fastest-Growing Bank

Money is whizzing through the airwaves and cell towers of Zimbabwe, as a mobile cash transfer system is on track to become the country’s biggest bank.

EcoCash, a mobile money transfer service operated by telecommunications company EcoNet Wireless Zimbabwe, has reached a million subscribers in under six months since its launch, according to Mobile Money Africa. EcoCash enables money transfers across all networks between mobile users, a rapidly expanding sector of the Zimbabwean population.

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